Technavio has been monitoring the food packaging market and it is poised to grow by USD 56.87 bn during 2020-2024, progressing at a CAGR of 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio announced its latest market research report titled global food packaging market 2020-2024. (Graphic: Business Wire)
The growing need to Prevent food counterfeiting has been instrumental in driving the growth of the market. However, Volatility of raw material prices might hamper market growth. Request a free sample report
Food Packaging Market 2020-2024: Segmentation
Food packaging market is segmented as below:
- Flexible Plastic
- Rigid Plastic
- North America
- South America
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Food Packaging Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our food packaging market report covers the following areas:
- Food Packaging Market Size
- Food Packaging Market Trends
- Food Packaging Market Industry Analysis
This study identifies Growing sales of food products on e-commerce platforms as one of the prime reasons driving the food packaging market growth during the next few years.
Food Packaging Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the food packaging market, including some of the vendors such as Amcor Plc, Ardagh Group S.A., Ball Corp., CPMC Holdings Ltd., Crown Holdings Inc., DS Smith Plc, International Paper Co., Orora Ltd., Owens-Illinois Inc. and Sealed Air Corp. Backed with competitive intelligence and benchmarking, our research reports on the food packaging market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Food Packaging Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist food packaging market growth during the next five years
- Estimation of the food packaging market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the food packaging market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of food packaging market vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.